• Japanese workers’ real wages shrank in January for the 22nd consecutive month but at the slowest pace in over a year on weakening price pressures, data showed on Thursday.
• The country’s wages trend is one of crucial data points the central bank watches to gauge pay and inflation outlooks, factors to consider in unwinding its massive stimulus programme.
• BOJ Governor Kazuo Ueda has expressed hope that even if real wages don’t turn positive immediately, this year’s labour-management pay negotiations will yield solid results to boost consumption.

https://www.reuters.com/world/asia-pacific/japan-jan-real-wages-fall-slowest-pace-13-months-2024-03-06/